Jio Platforms IPO hits 22.19 times subscription, surpassing Hyundai Motor India's Rs 27,870-crore issue
GS3Economy · S&T · Environment · Security· Capital markets & SEBI· Prelims·
Capital Markets: Significance of large-scale IPOs in mobilizing domestic capital for infrastructure and technology.
Why in news
Jio Platforms recorded a 22.19 times subscription for its IPO, becoming India's largest IPO by surpassing Hyundai Motor India's Rs 27,870-crore issue.
Background
Jio Platforms received bids for 4,38,26,15,568 shares against 19,75,25,934 offered on October 23. The NSE reported QIB subscription at 70.55 times and NII at 14 times.
Facts for Prelims
- FactJio Platforms IPO subscription: 22.19 times
- FactHyundai Motor India IPO size: Rs 27,870-crore
- FactQIB subscription for Jio Platforms: 70.55 times
- FactNII subscription for Jio Platforms: 14 times
Prelims practice question
What was the subscription level of Qualified Institutional Buyers (QIB) for the Jio Platforms IPO?
- (a)82.1 times
- (b)10.2 times
- (c)55.4 times
- (d)70.55 times
Show answer
Answer: (d) 70.55 times — The NSE reported the QIB subscription for Jio Platforms at 70.55 times.
For Mains
Q. Analyze the significance of large-scale Initial Public Offerings (IPOs) in mobilizing domestic capital for infrastructure and technology expansion in India.
Dimensions to cover in your answer
- Capital formation: Mobilizing retail and institutional liquidity for high-tech infrastructure
- Market depth: Impact of large-scale listings on liquidity and volatility in NSE/BSE
- Investment trends: Shift towards technology-driven platforms in Indian capital markets
Keywords: Capital Markets · IPO · Liquidity · QIB · NII · Capital Formation
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.